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Question 1 500,000 is used to purchase a 10 year inflation adjusted annuity-due. Calculate the first payment of this annuity, if inflation is anticipated to
Question 1 500,000 is used to purchase a 10 year inflation adjusted annuity-due. Calculate the first payment of this annuity, if inflation is anticipated to be 2.5% per year and the effective rate of interest is 50% First payment of annuity
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